Furukawa Co.,Ltd.
Notice Concerning Cancellation of Treasury Stock (Cancellation of Treasury Stock Based on Article 178 of the Companies Act)
Furukawa Co., Ltd. resolved to cancel 3,900,000 shares of treasury stock (10.70% of the total issued shares) on February 27, 2026.
Key Figures
- Total Number of Shares to be Cancelled: 3,900,000 shares (10.70% of total issued shares)
- Scheduled Cancellation Date: 2026-02-27
- Number of Treasury Shares Held (As of January 31, 2026): 3,962,951 shares
AI要約
Overview of Capital Policy
At the board meeting held on February 9, 2026, Furukawa Co., Ltd. resolved to cancel 3,900,000 shares of treasury stock pursuant to the provisions of Article 178 of the Companies Act. The number of shares to be cancelled represents 10.70% of the total issued shares, with the scheduled cancellation date set for February 27, 2026. As of January 31, 2026, the number of treasury shares held was 3,962,951 shares, and this cancellation will reduce the number of treasury shares.
Impact on Shareholders
This treasury share cancellation will reduce the total issued shares, which is expected to enhance the value per share. Although there is no specific mention of the use of funds or detailed financial impact related to the cancellation, cancelling approximately 10.7% of the total issued shares could contribute to enhancing shareholder value.
